Jindal Steel and Power trades in green on posting 5% steel sales growth in May
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Jindal Steel and Power is currently trading at Rs. 349.00, up by 0.90 points or 0.26% from its previous closing of Rs. 348.10 on the BSE.
The scrip opened at Rs. 352.50 and has touched a high and low of Rs. 354.80 and Rs. 347.45 respectively. So far 182494 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.70 on 11-Apr-2022 and a 52 week low of Rs. 340.10 on 29-Nov-2021.
Last one week high and low of the scrip stood at Rs. 377.40 and Rs. 346.65 respectively. The current market cap of the company is Rs. 35601.07 crore.
The promoters holding in the company stood at 60.45%, while Institutions and Non-Institutions held 27.04% and 12.51% respectively.
Jindal Steel & Power’s steel sales stood at 5.25 lakh tonnes in May 2022 i.e. increased 5% Year- on-Year (Y-o-Y). Production of steel stood at 6.98 lakh tonnes in May 2022 were marginally higher Y-o-Y. Exports accounted for 21% of sales in May 2022.
In April-May period, the company reported steel sales of 9.91 lakh tonnes and production of 13.76 lakh tonnes. Exports accounted for 18% of the sales in the first two months of FY23.
Jindal Steel & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
